My two bright spark daughters are just as determined to give life a crack as my son.
If things don’t change, the odds are that in adulthood my son’s financial reality will be far more secure.
And this is unacceptable.
Australia can’t keep tracking the way we have, time has come to equip ourselves with the tools to bring more equity to the workplace.
Australia’s gender pay gap explained how women are affected.
Australia’s gender pay gap explained:
Libby Lyons, Director of the Workplace Gender Equality Agency, says: “The gender pay gap is a measure of lost potential, showing that women still face barriers to accessing senior and high-paying roles.”
Ms Lyons believes we need to stamp out bias and outdated gender stereotypes.
In 2020 the Workplace Gender Equality Agency reports women on average earned 14% less than men. The effect of COVID19 on our participation, hours and earnings bound to make the situation much worse.
The frustrating fact is this figure has hovered between 15 and 19% for the past two decades.
When you consider that Equal pay legislation was introduced in Australia in 1969 it’s hard to believe we have much such slow progress.
Women make up 50% of the population in our fantastic country and 60% of the most educated people.
We retire with just over half the retirement savings of men and older women are the fastest growing of homeless people.
WHAT CAN WE DO?
Visit the Agency’s Data Explorer and see whats happening in your field.
CALL IT OUT!
DOWNLOAD YOUR OWN GENDER PAY GAP CALCULATOR HERE.
HOW IS AUSTRALIA’S GENDER PAY GAP MEASURED?
The gender pay gap is the difference between women’s and men’s average weekly full-time equivalent earnings, expressed as a percentage of men’s earnings.
It’s a measure of women’s overall position in the paid workforce and does not compare like roles.
The Workplace Gender Equality Agency uses Australian Bureau of Statistics data.
WHAT IS EQUAL PAY DAY?
It marks the additional time from the end of the previous financial year that women must work to earn the same as men.
Jump over to WGEA to check out their e learning modules and arm yourself here.
Knowledge is power, so call it out.